Daily LInks
1. Guns, Groceries and News: What Sells in a Pandemic—and Doesn’t . Web traffic to retailers Amazon, Target, and Walmart climbed in March too, according to Comscore. With audiences holed up at home and seeking information about the fast-moving virus, news viewership and, in particular, online news consumption are sharply growing. – Read More on WSJ
2. RELATED READ: Luxury and Logistics, Banking and Big Pharma: Here’s How Industries Will Fare as a Result of COVID-19. – Read More on TFL
3. Target CEO withdraws forecast: Target’s same-store sales thus far in March have been up more than 20% over last year. In the essentials and food and beverage categories, same-store sales are up more than 50%, but this metric is down more than 20% in apparel and accessories. – Read More on CNBC
4. What Does the $2 Trillion Aid Deal Mean for the Fashion Industry? Smaller fashion businesses that pledge not to lay off their employees can apply for and receive emergency loans through June 30. If the employer continues to pay employees through the end of the crisis, the loans will be forgiven. – Read More on Vogue
5. The quest to sell and consume more fashion shouldn’t cost the earth: At no other time in human history has fashion been so accessible to so many people, and the industry has for too long promoted overconsumption as a good thing. – Read More on the Guardian
